StockFetcher Forums · Filter Exchange · 2 or 3 days holding filter<< >>Post Follow-up
101 posts
msg #122058
Ignore levamit
11/24/2014 11:52:55 AM

Hello trader's,

I have written in the past a few filters on the subject.
I like to trade this method, there is no need to burn a lot of time at fronted of the computer and it is also the advantage of this wonderful site that performs search for you and find the stocks by criteria you requested.
The main problem here is that when you run a backtest on this site ,you doesn't see there some "bourn shares". (False reports of companies, the FDA results of a trial, etc.)
I personally lost money there's not much but it's not pleasant because at real game you put money on this company and after couple of hours breaking news for that company and boom .
But when I was ran my filters at back in time (from 2002 until now) they have shown amazing results and they looks so promise .
I personally like to share my strategy to collect more opinions from other traders .
and for the distribution of knowledge with other traders to find a method that will succeed And to build some economic freedom.
I am sorry if some one of you failed with some stocks but I think that good trader is one that make some mistakes in the past and learn from them to be better.
I think when you look for this kind of stocks they must be with options and big volume.
We must choose stocks with options to buy the option himself to promise ourself to lose this premia but if the option will go up we will make some money.
please try this filer and share your oponion what strike and price of option you want to buy and what the price when you sell.
Plase do it on this forum and not on real acount to learn from each other.
Please feel free to ask questions.

with This filters the best perfomance is to buy at price close, when the filter show up stocks.Buy MAX 2 stocks at same day holding 1full day after you buy and sell at next day at price open :
Please test this with option for safty trade.
stocks optionable
Average Volume(30) above 400000
Parabolic SAR(0.02,0.2) dropped more then 3.5 percent
Parabolic SAR(0.02,0.2) above close
show stocks where close is above 1
MACD histogram(8,17,9) reached new 20 days low 1 day ago
StochRSI(4,2) below 0.25 within last 3 days
Bollinger Width Oscillator(5,2) below -50

resoult for stocks for this strategy from 1.1.2002 until now with capital of 10K and after commision of 5$ for trade :

Name_Start____End_____Win(%) _Lose(%)__Reward/Risk__ROI(%)_Account Value__Realized G/L(%)
02-04__1/1/02 _1/1/2004__59.2 __36.8____2.44__________909.1____34,198_____242.0
04-06 __1/1/04 _1/1/06 __55.0____43.3____1.30_________156.8_____10,066______0.7
06-08 __31/12/05_31/12/07__54.1__40.8___1.99_________461.2_____13,024_____30.2
10-12__12/28/09_12/28/11__55.7__38.4____2.42_________556.3____ 23,972_______139.7
12-14__12/28/11_12/28/13__55.6__41.9____1.62_________356.1____ 16,244_______62.4
14 ____12/28/13_11/21/14__47.3__48.6_____1.67________359.9_____13,210______32.1

Basic Setup
Name: 02-04 2
Approach Type: Long
Start Date: 1/1/2002
End Date: 1/1/2004
Benchmark Symbol: ^SPX
Cash and Holdings
Starting Cash: 10,000.00
Commission Per Trade: 5.00
Trade Size: 0.00
Allow Negative Balance:
Partial Shares:
Exit Setup
Stop Loss: -
Profit Stop: -
Trailing Stop Loss: -
Minimum Holding Days: 1
Maximum Holding Days: 2
Exit Tests: No exit tests defined.
Extra Indicators
Entry Columns:

Advanced Options
Selection Method: select by volume descending
Shuffle Entry:
Entry Price: close
Conditional Entry:
Use Match Date Close:
Exit Price: open
Maximum Trades Per Day: 2
Maximum Open Positions: 5
Maximum Selected Stocks: 2
Close OPEN Positions at End:
Allow Multiple Positions Per Symbol:
Force Same Day Trade:

good luck to all,

29 posts
msg #122066
Ignore dustinb
11/25/2014 12:17:38 PM

Very nice writeup and very well written. Thank you. This filter returns pretty much nothing day in and day out but when it does spit out a stock, wow! Awesome short term returns! I would use this filter this way: Check it every day (knowing that it could be once every few weeks) , and when a stock is given, buy and hold for a few days and sell. Maybe a week tops. Very interesting filter but not for those wanting daily horse picks. Only for the patient investors or those like me who will use it in addition to filters that spit out dozens of choices each day.

411 posts
msg #122069
Ignore dwiggains
11/26/2014 10:22:32 AM

I agree that this filter seems to produce a few stocks
but the ones it does produce are really good.

Good filter.

See ya

310 posts
msg #122072
Ignore novacane32000
11/26/2014 8:56:40 PM

Best exit I see is rsi(2) is above 80 with no stop which means you will get burned on a few trades--saw one with a drawdown of 40%.

You can trade very small amounts with this filter and make money but if you start rolling the dice with a large percentage of your account you will eventually blow out your acct.

StockFetcher Forums · Filter Exchange · 2 or 3 days holding filter<< >>Post Follow-up

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